Word: panacea
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Dates: during 1920-1929
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Another legislative panacea for the conduct of the banking business went glimmering with the repeal by the State Government of Oklahoma of its previous law requiring banks organized under the laws of that state to create a fund which would permit all banks to guarantee each other's deposits. All banks contributed to the fund, and when a bank failed the fund was used to pay off all its depositors in full. This plan largely originated with Senator Owen; it has been urged for adoption by banks in other states, too. Bank failures were to be rendered forever harmless...
...subway. I never dreamed there was a place where a man could put out people's eyes, smash them in the jaw, knock them down, kick them about and throttle them to his heart's content without anybody minding it in the least. It is a spiritual panacea, absolutely...
...last session of Congress. Legislation preventing undue reduction of net income by deduction of losses is equally possible and even more desirable as it is estimated that there is a heavy loss of tax revenue from this cause. But in this matter, as in other matters, legislation is no panacea. Ways of escape will persist, in spite of legislation, and will be availed of, as long as there is sufficient inducement. No matter what gaps are stopped by acts of Congress, the output of tax-exempt securities by states and municipalities will continue to afford an easy escape from...
...year; the general examinations, too, correspond, except that Princeton has two to our one; and the system of "majors and minors" corresponds closely with the familiar "Concentration and Distribution." Even the underlying purpose is the same; there is little indeed to complete the parallel. The innovation on an ultimate panacea. "The day of benevolent despotism fades into the background; from now on the compelling force will be individuality." Yet Harvard, where the system has had a trial of years, is still wondering where to find the "initial interest." Perhaps the small difference in Princeton's scheme and the fact that...
...long article in The American Federationist, official organ of the American Federation of Labor, Samuel Gompers declares labor banks to be no panacea for industrial strife...